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ahead of several years of heavy spending on the 12 national projects.
At the same time there was almost no activity on the international markets with almost no Eurobond issues.
8.5.1 Fixed income - bond news
One of Russia's largest private banks Alfa Bank placed $400mn worth of 10-year subordinated Eurobonds carrying a bi-annual coupon of 5.95%, Vedomosti daily reported on October 7 citing the bank. The funds raised will be
96 RUSSIA Country Report November 2019 www.intellinews.o
